Soaring City Tech Tower Cut Down to Size
Forest City Ratner’s plans to develop the tallest building in Brooklyn are no more, according to an article in the Daily News. The Renzo Piano-designed City Tech tower on Jay Street was supposed to reach 100 stories, with CUNY facilities on lower floors and condos on upper levels. Now Piano is off the job and…
Forest City Ratner’s plans to develop the tallest building in Brooklyn are no more, according to an article in the Daily News. The Renzo Piano-designed City Tech tower on Jay Street was supposed to reach 100 stories, with CUNY facilities on lower floors and condos on upper levels. Now Piano is off the job and the building may only be built to a modest 10 stories. City Tech’s whittling follows a deal collapse between FCR and CUNY; according to an FCR-CUNY statement, the ambitious project could not be reconciled with the college’s immediate need to move forward with a first-class academic space to serve its growing student enrollment.” A Brooklyn Paper story on the collapsed deal quotes Councilman David Yassky as saying FCR’s decision probably has to do with Bruce Ratner’s iffy finances and the fact that many developers are reconsidering residential construction. He may be overextended right now, said Yassky. Look, a lot of developers are re-evaluting their numbers and feel that residential buildings don’t work right now, he said. Whatever the logic is behind the decision, it seems like a pretty big blow to the ongoing plans to change the face of Downtown Brooklyn.
Ratner Tower Whittled Down [NY Daily News]
Ratner Kills Mr. Brooklyn [Brooklyn Paper]
Development Watch: City Tech Tower, Take 2 [Brownstoner]
Looks like the grand scheme for a new Brooklyn downtown is crumpling. Buyers of 110 Livingston, Belltel, One Hanson, Oro, Forte, Rockwell Place and Bridgeview must be shitting their pants.
a 90% reduction in height?? way to go RATNER!!!
I like clip art.
holy moly! It was inevitable.
Can someone teach Gabby that one does not need a big ghostbuster sign (or any other cheesy graphic, for that matter) on every other post?
Really, we would get the point by reading the post.
It was a so so building anyway
don’t forget the fucktards!
If we could all reach a little deeper into our pockets, this doesn’t need to happen. Remember, massive overdevelopment funded by our tax dollars is the only path to righteousness!
cue The What’s entrance with a tirade of doom and gloom for asshats!